Dodoma. President Samia Suluhu Hassan has said the government will continue with reforming state-owned enterprises (SOEs) and public corporations, with the goal of boosting efficiency, transparency, and financial performance while ensuring that these institutions contribute at least 10 per cent of non-tax revenue by 2030.
Addressing the Parliament in November 14, the President said the reforms are intended to strengthen the capacity of SOEs to operate competitively, both domestically and internationally.
“We want our state-owned enterprises to be able to compete with foreign companies operating here in our country,” she said.
The Office of the Registrar of Treasury said it has received the directives and would continue integrating them into existing instruments and operational frameworks to ensure timely implementation.
Tanzania’s SOEs span critical sectors, including transport, energy, banking, and industrial production.
Many of these institutions have faced challenges such as low operational efficiency, lack of transparency, and limited financial performance, which have constrained their contribution to the national economy.
The reforms are designed to address these issues by building stronger, more commercially viable corporations.
The government also aims to empower SOEs to invest abroad and compete with international peers, a move expected to stimulate investment, increase non-tax revenues, and contribute to sustainable economic growth.
Measures include improving governance, strengthening operational oversight, and building institutional capacity to compete in global markets.
President Samia stressed that the initiative forms part of a broader vision to modernise Tanzania’s state-owned enterprises and public corporations, ensuring they play a key role in the country’s economic development strategy leading up to 2030.
